Is it really possible that this property sold sold for this amount?

Asked by Frankie Mastromarco, 19123 Sat Dec 26, 2009

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This question is about this property: http://www.trulia.com/homes/Pennsylvania/Philadelphia/sold/2…

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Barbara Smith, Agent, Marlton, NJ
Thu Jan 7, 2010
BEST ANSWER
Frankie,

I'm not sure where that info was pulled from but it hardly seems accurate. It was listed as a commercial property for $1.25 Mil. back in '07 with plans & approvals for 4 condos and commercial space on the ground level. It never sold.

Going back in the public records, it was purchased in Nov. 02 for 420k. It appears loans have been taken against in between '02 and now for over 2 mil.

If you want to shoot me a quick email, I can return the actual expired listing to you with more detailed information about the loans, ownership etc. If you're interested in anything else for sale similar to that, let me know and I'll get you the information.

Regards,
Barbara L Smith
Weichert Realtors
PA/NJ Licensed
cell/text: 609-980-7593
email: BarbSmith321@comcast.net
Web Reference:  http://BarbSellsSJ.com
0 votes
Mike Rosania, Agent, Philadelphia, PA
Sat Dec 26, 2009
It is very possible. It is a vacant lot.
0 votes
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